Naira falls by 17% to N951/$
The naira fell by 17.91 per cent to N951.22/$ on the official Investor and Exporter forex window on Wednesday. This was as the dollar supply fell by 4.94 per cent to $135.58m from $142.63m. Data from FMDQ Securities Exchange revealed that the naira lost N144.49 against the dollar after closing trading on Tuesday at N806.73/$. […]
FG votes N50bn for student loan
The Federal Government had voted N50bn in the 2024 budget for the implementation of its student loan scheme. This was contained in the details of the 2024 budget appropriation. Meanwhile, details of how the loan scheme, unveiled by President Bola Tinubu in June, would be implemented remains sketchy. But the President gave the assurance that […]
Demolition: Court freezes Kano accounts over N30bn judgment
The Federal High Court in Abuja has granted a garnishee order nisi, against accounts belonging to the Kano State Government in 20 commercial banks in Nigeria. Justice I.E. Ekwo granted the order in a suit filed by Incorporated Trustees of Masalachi Eid shop owners and Traders Association over demolition of their shops which they described […]
Retired police superintendent turns beggar in Niger
Standing tall at over six feet with a bulky build which gave away his years as a Two-Star Traffic Warden police officer, Sunday Ogwo Okpalle, now slightly bent, having lost the ramrod gait which accompanied his strides to ageing and perhaps lack of his regular routine as an officer of the law. When Arewa PUNCH […]
Lagos task force crushes 1,500 seized motorcycles
The Commissioner for Transportation in Lagos, Oluwaseun Osiyemi, along with the Permanent Secretary of the ministry, Wale Musa, on Monday, observed the destruction of 1,500 seized motorcycles on the Lagos State Task Force premises in Oshodi. The Lagos State Government posted images of the exercise on its X account on Monday. The caption read, “Commissioner […]
2023 elections credible in some aspects – Jega
A former Chairman of the Independent National Electoral Commission, Prof. Attahiru Jega, has described the 2023 general elections as “credible in many substantial aspects”. Jega, speaking in a live appearance on Channels Television’s Politics Tonight on Monday, said his favourable assessment of the polls was not necessarily in defence of the incumbent INEC chairman, Prof. […]
Court adjourns lawsuit on Rivers Assembly crisis
The Federal High Court in Port Harcourt has fixed December 5 to commence hearing in the lawsuit filed by the factional Speaker of the Rivers State House of Assembly, Edison Ehie, seeking to take control of the state legislature. Ehie had announced his emergence as Speaker following the crisis that rocked the Assembly in the […]
It’s sad judiciary now entangled in politics – Kukah
The Archbishop of Sokoto Catholic Diocese, Bishop Matthew Kukah, has decried the involvement of the judiciary in politics. Kukah spoke at the 8th House of Justice Summit in Kaduna, where he was keynote speaker at the weekend. Speaking on the summit theme: ‘Electoral Accountability and Democratic Stability,’ Kakuh said it was unfortunate that the Nigerian […]
Dangote to list $20bn refinery on NGX
Billionaire businessman, Aliko Dangote, has revealed plans to list his $20bn Dangote Petroleum Refinery on the Nigerian Exchange Limited. This plan is a major boon for the management of the local bourse who have been intensifying efforts in recent times to deepen the market by encouraging listings. Dangote in an interview with Financial Times said […]
Rice price skyrockets as local production declines
Rice consumption in the country has been on a steady rise, beyond the reach of local supply, leading to a supply gap of about two million metric tonnes annually, a new report has disclosed. This has led to an over 37 per cent increase in the price of the commodity so far in 2023. This […]